Company Policy

Our company is oriented to the needs of our customers and the principles
of the free market economy. We focus our objectives on steadily
increasing profitability while taking into account economic and
ecological factors to maintain and protect our business location as well
as jobs. In our business activities we always strive to make a profit,
in order to be able to finance investments for the future from our
equity capital.

Partner-like relationship with our customers

Our
worldwide activities are aligned with the market. We want a
partner-like relationship with all customers, offering them optimal and
innovative technologies at economic prices as well as flexible service.

Employee involvement

The
high standard of our products requires qualified and motivated
executives and employees who feel personally responsible for the high
company standards and are willing to safeguard and continuously improve
them. Priority here is accorded to teamwork and to employee health. With the help of a company health management scheme, our aim is to promote the goal of having healthy employees working in a healthy company. Especially older employees are
valued and respected. Their enormous wealth of experience and expertise
are an important part of the company.

Management commits itself to
comprehensive, forward-looking goal orientation while at the same taking
the concerns of all employees into account. We create the prerequisites
for this with our open information policy and the relevant key data we
make available and rely on the individual commitment of all employees in
the company.

Continuous improvement

The process of holistic and continuous
improvement is the focus of all activities. Measures for improvement are
determined targeted and regularly and every employee contributes to the
continuous improvement process in his daily work, for example, via the internal
Waldmann suggestion scheme.

Just in Time

Our just-in-time production system with One-Piece-Flow
manufacturing creates the basis for economic production with
demand-oriented stockkeeping and high flexibility for our customers.

The
individual processes are fine tuned to each other with regard to their
work content. Everyone is obliged to act in a way that ensures that the
internal Customer Cycle is achieved and maintained. Fault-free
delivery to the following work station is prerequisite. Only in this way
can waste be avoided and cycle times reduced. Every employee in our
enterprise must incorporate the Zero-Fault Principle into his
consciousness. Our guiding principle is: We avoid faults, we do not pass
on any faults and we do not accept any faults.

The Pull Principle
is one of the mandatory guiding principles of our company. On the basis
of trustful cooperation, every employee fetches the materials,
information and support he needs to carry out his work assignment. This
is the only way unnecessary waiting times, overproduction and
misinformation can be avoided.

Suppliers as partners

By
choosing qualified suppliers and service providers, the management
system ensures that the principles of the company policy and the quality
of the items we purchase are realized to the fullest extent. The
supplier is regarded as a partner.

Legal obligations

To
keep the risks emanating from our medical products within acceptable
limits, we take into account all applicable national and international
regulations and norms in our risk management process. The current state
of the art in medical technology and the known empirical values are also
taken into consideration. In addition to that, we make sure all
company-relevant legal obligations are met. Work safety as well as
health and environmental protection are among the most important ones.

Quality

To
do justice to our own quality requirements and those of our customers,
we fulfill all the requirements vital to maintaining the effectiveness
of our quality management.

Environment and energy

We commit ourselves to guidelines that not only serve the future of our company but that also, over and above that, help to protect and conserve the natural world and its raw materials. In this, the continuous improvement of our environmentally-focused actions, energy efficiency and the prevention of environmental impact through the wasting of resources are matters of priority to us. In all of our processes, from development to production and dispatch of products, we carefully ensure that we do all we can to preserve the integrity of the environment. Through the manufacture and marketing of “efficient light” products, we also achieve energy savings beyond the boundaries of our own company. Topics such as energy, water, waste and the use of raw materials constitute an integral part of the way we assess the energy-related and environmentally relevant aspects of individual processes. From this approach, we derive strategic and operational objectives, defined by our executive management team in collaboration with the various departments, and monitored to ensure that those targets are achieved. The resources or information needed for this are made available, and highly efficient technologies are employed in a cost-effective manner. We mandate strict compliance with applicable legislative obligations and requirements. We view the protection of the environment as a holistic obligation. Consequently, we involve our customers, suppliers and employees in that process and keep all parties informed about our company policy.

The information contained in this Internet website has been
prepared by us with utmost care. It will be continuously checked and updated.
Nevertheless, we cannot be held liable for our contents to be continuously
available, accurate, up-to-date and complete. Nor do we vouch for the contents
of this Internet offer to be suitable for the user and his/her purposes. Any
binding information, advice, recommendation or declaration on our part has the
sole purpose of an individual communication.

External Links

We assume no liability for contents of any other online
service providers. This is the case even if our website contained links to other
websites. The respective website operators are solely responsible for the
content of such linked websites. Waldmann has no influence whatsoever on the
current or future design and/or contents of the linked websites. Unless
specifically notified of any illegal contents, we cannot reasonably be expected
to monitor linked websites continuously.

When the link to the respective third party websites was
established for the first time, Herbert Waldmann GmbH & Co. KG carried out
checks on those external websites regarding possible violations or illegal
contents. At the time when these links were established, there were no
indications of violations or illegal contents.

Should we learn of any such violations—particularly in the
form of illegal contents—we will delete such links immediately.

Copyright/Intellectual Property

The contents, the design and the organisation of our
internet offer (i.e. all text, graphics and the layout of this website) are
protected by copyright. The displayed names and logos are the property of
companies of the "Waldmann Group" or of other licensers and as such
protected by copyright, trademark rights and other industrial property rights.
No information, texts, trademarks, logos and photos we have uploaded to the
website may, entirely or partly, be reproduced, distributed, published or in
any other way be used for commercial purposes without our prior explicit
written consent. Nor may links be placed on our website without our prior
written consent. We explicitly reserve the right to modify, extend, reduce or
completely delete our internet offering.

The word and design mark "Waldmann" as well as
other product names, illustrations and logos identify products of the
"Waldmann Group" and are protected trademarks.

Please contact us if you wish to use contents of our website
outside our website, specifying the purpose of your communication.

Type of information

Extracts from news articles contained on the website
represent the opinion of the experts/editors involved of the respective
newspapers and do not necessarily coincide with the views of the Waldmann
Group. By publishing them, Waldmann does not confirm the accuracy or
completeness of the information and cannot be held responsible whatsoever in
that respect.

Data protection declaration / Personal data

We have committed ourselves to appropriately protecting your
personal data. We guarantee you that all personal data provided by you will be
treated as absolutely confidential and will not be disclosed or sold to any
third parties. Your personal data will only be stored in electronic form, used
and processed within our company for the purpose of offering you a
comprehensive range of services and only upon your consent. As a general rule,
any data is stored, collected, processed and used in accordance with the applicable
data protection laws of Germany. For further information please read our »
complete Data Protection Policy.

Access to the Website / Registration as a User

The user is not entitled to claim uninterrupted access to
the website nor registration by Waldmann. Waldmann may at any time and without
giving reasons revoke any right to access already granted by blocking the
access.

This applies in particular if the user did not provide true
information during the registration process, has breached the Terms of Use or
an applicable law as regards to the access to or use of the Waldmann website.

The user is herewith explicitly advised that he can always
request deletion of his registration. In such a case, Waldmann will delete all
user data and any other personal data that is stored as soon as they are no
longer required.

Virus Protection

Waldmann makes every effort to keep the "Waldmann
website" free of viruses. However, a virus-free website cannot be
guaranteed. Before downloading, the user himself has to ensure, in his own
interest, that his system is sufficiently protected, particularly by way of a
virus scanner.

Liability

Any liability for damage resulting directly or indirectly
from the use of this website is herewith excluded, unless such damage is based
on purpose or gross negligence.

Place of Jurisdiction and Applicable Law

Provided the user is a Kaufmann (merchandiser) within the
meaning of the Handelsgesetzbuch (German Commercial Code), a corporate body
under public law or a special fund under public law, the place of jurisdiction
shall be Villingen-Schwenningen.

Any disputes in connection with or arising from the website
of the "Waldmann Group" shall be governed by German law. The
application of the Uniform Law on the International Sale of Goods, dated 17
July 1973, and of the UN Convention on Contracts for the International Sale of
Goods, dated 11 April 1980, shall be excluded.